Diversify Wealth Management LLC Boosts Stock Position in Harmony Gold Mining Company Limited $HMY

Diversify Wealth Management LLC boosted its stake in shares of Harmony Gold Mining Company Limited (NYSE:HMY) by 35.1% in the first quarter, Holdings Channel reports. The fund owned 187,697 shares of the mining company’s stock after purchasing an additional 48,810 shares during the period. Diversify Wealth Management LLC’s holdings in Harmony Gold Mining were worth $2,827,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Hsbc Holdings PLC purchased a new stake in shares of Harmony Gold Mining during the fourth quarter worth approximately $1,815,000. Assenagon Asset Management S.A. acquired a new stake in shares of Harmony Gold Mining during the fourth quarter worth $17,832,000. Aquatic Capital Management LLC lifted its holdings in shares of Harmony Gold Mining by 78.7% during the third quarter. Aquatic Capital Management LLC now owns 332,461 shares of the mining company’s stock worth $6,034,000 after purchasing an additional 146,459 shares during the period. U S Global Investors Inc. grew its position in Harmony Gold Mining by 49.4% in the 1st quarter. U S Global Investors Inc. now owns 397,947 shares of the mining company’s stock valued at $6,116,000 after buying an additional 131,538 shares during the last quarter. Finally, Ninety One UK Ltd purchased a new position in Harmony Gold Mining in the 4th quarter valued at $6,939,000. 31.79% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on HMY shares. Morgan Stanley raised shares of Harmony Gold Mining to an “overweight” rating in a research note on Thursday, April 16th. Zacks Research upgraded shares of Harmony Gold Mining from a “strong sell” rating to a “hold” rating in a research note on Monday, May 11th. Finally, Wall Street Zen downgraded shares of Harmony Gold Mining from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $16.00.

Harmony Gold Mining Price Performance

Harmony Gold Mining stock opened at $14.97 on Tuesday. The stock’s 50 day moving average price is $16.43 and its 200 day moving average price is $18.17. Harmony Gold Mining Company Limited has a 1-year low of $12.58 and a 1-year high of $26.06. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.38 and a current ratio of 0.54.

About Harmony Gold Mining

Harmony Gold Mining Company Limited is a South Africa–based precious metals producer primarily engaged in the exploration, mining and processing of gold. The company operates a portfolio of underground and surface mining operations, targeting both reef-hosted and alluvial deposits. In addition to gold, Harmony’s activities encompass the extraction of copper as a byproduct at its Papua New Guinea operations.

In South Africa, Harmony’s mining footprint includes deep-level underground operations in the Witwatersrand Basin, where it employs a combination of conventional and mechanized mining methods.